The EV Charging Equipment market OF UAE grew at a CAGR of ~42% from 2017 to 2021. The market is driven by increasing efforts of the government to reduce the carbon footprint in the country. Dubai Emirates leads the country with the maximum number of charging stations installed to date and several plans further implemented towards the development of electric mobility. Moreover, the manufacturers are focusing more on the development of new technologies such as stand-alone parking, lithium-ion batteries, wireless charging, & ultra-fast DC charging networks to improve Electric Vehicle adoption.
An ideal location, increasing domestic demand for high-end cars and a robust logistics sector have made UAE the second largest automotive market in GCCUAE is the second largest automotive market in the Gulf Cooperation Council (GCC) after Saudi Arabia owing to the growing population and high disposable income. The annual number of vehicles sold in the United Arab Emirates (UAE) in 2021 was approximately 2.1 lakhs. The demand for vehicles in the country mainly originates from the construction, infrastructure, logistics, tourism, and public transport sectors have turned the emirate into a major exporter and re-exporter of vehicles.
Dubai dominates the EV Charging Market in the UAE capturing a market share of more than 50%.Dubai contributed more than half of the market amounting to USD ~6.5 million in 2021, which is highest as compared to other Emirates. This is due to the better electric vehicle supporting infrastructure such as charging stations and the green charger initiative. Additionally, the UAE is at the forefront of innovation with 200 Tesla EVs being introduced into the Dubai Taxi industry. The neighboring city of Sharjah has also contributed to electrification by introducing 50 semi-electric Tesla trucks back in 2020.
3.Declining Cost of Electric Vehicles, High Per capita income, and Incentives to promote green mobility are the main growth drivers for the Electric Vehicle Market in UAE.
UAE being the signatories of the Kyoto protocol and COP21 goal, intends to reduce GHG emissions for a sustainable future. The Government of UAE intends to fulfill these goals by defined KPIs to monitor its targets. This leads to the growth of energy efficient vehicles. Additionally, DEWA provided free charging for electric vehicle owners registered in the Green Charger initiative. RTA also offers free assigned parking, exemption from RTA electric vehicle registration and renewal fees. Furthermore, the cost of purchasing an EV is reducing every year due to scaling up of existing technology through efficient production. This in effect is having a cascading effect on the development of EV Charging Infrastructure throughout the world. Moreover, since the UAE has a per capita income comparable to developed countries, there is a higher adoption rate for Evs.
4.ABB, Siemens, and Schneider Electric holds around 80% of the EV Charging Equipment market in UAE
Around 80% of the EV Charging Equipment market in UAE is dominated by mainly three players: ABB, Siemens, and Schneider Electric. ABB is the leading manufacturer worldwide having sold ~400,000 chargers across 85 countries, including UAE. Additionally, the recent acquisition of DC Systems, Schneider has consolidated its AC/DC Grids portfolio to help its customers. Currently, the competition in the EV Charging Space in UAE is monopolistic in nature. The Dubai Electricity and Water Authority (DEWA) is spearheading the installation and operation of EV Charging infrastructure in Dubai, which has the majority of EV chargers in the UAE. Competition is expected to increase in the coming years.
Key Segments Covered in UAE EV Charging Equipment Industry
EV Charging Market Size by
RevenueRevenue through new car salesRevenue through demand of chargers by type of charging stationsUAE EV Charging Equipment Segmentation By
Type of Chargers- AC and DC chargersType of Charging- Home Charging, Private Charging, and Public ChargingType of Vehicle- 2W and 4WGeographic Demand- Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Umm Al Quwain, Ras Al KhaimahSales Channels- Direct Sales, Online, and Dealers/ DistributorsDomestic Manufacture and ImportProduct Analysis
4W ChargersPricing Analysis
4W Charger’s pricing2W Charger’s pricingKey Target Audience
Electricity SupplierEV ManufacturersEV Charging Equipment ManufacturersEV Charging System OperatorDemand side Transport OperatorsGovernment BodiesTime Period Captured in the Report:
Historical Period: 2017-2021Forecast Period: 2022-2026FEV Charging Equipment Players in UAE
ABBSchneider ElectricSiemensYinlong EnergyEaton UAEGrizzl EElecvlifeKey Topics Covered in the Report
Overview of EV Market and EV Charging Equipment Market in UAEEcosystem of EV Charging Equipment Market in UAEMarket Size of EV Charging Equipment Market in UAE (Total EV Charging Equipment Revenue)UAE EV Charging Equipment Market Segmentation (By Type of Charging, Type of Chargers, Type of Vehicle, Type of Geography, By Sales Channels)Cross comparison of top players in the EV Charging Equipment Market in UAECompany Profiles of EV Charger Manufacturers (Overview, Products, Business Streams, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards and Recognitions)Growth Drivers and Challenges to UAE EV Charging Equipment IndustryIndustry trends and developmentsSWOT Analysis of EV MarketPorters Five Forces of the EV Industry in UAERules and Regulations by Government BodiesFuture Outlook of IndustryCase Study (DEWA, EESL, Alfen)
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